Tempur Sealy International, Inc. (NYSE:TPX) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 29.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,611 shares of the company's stock after purchasing an additional 19,621 shares during the quarter. Franklin Resources Inc.'s holdings in Tempur Sealy International were worth $4,333,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock worth $26,000 after purchasing an additional 413 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of Tempur Sealy International in the 3rd quarter valued at approximately $48,000. Signaturefd LLC boosted its stake in shares of Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after buying an additional 255 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company's stock worth $82,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 99.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wedbush increased their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Trading Up 0.9 %

Shares of TPX stock traded up $0.48 during mid-day trading on Tuesday, reaching $56.01. The company's stock had a trading volume of 254,264 shares, compared to its average volume of 1,557,418. The company's 50 day simple moving average is $53.45 and its 200-day simple moving average is $51.54. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 12-month low of $45.04 and a 12-month high of $58.44. The firm has a market capitalization of $9.73 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, research analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.93%. Tempur Sealy International's dividend payout ratio is presently 23.74%.

Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.